Suppliers ignore climate agreement goals
According to the CEO of the non-profit Carbon Disclosure Project (CDP), Paul Simpson, companies are committed to implementing the guidelines of the Paris climate agreement reached in December 2015. In a current report conducted by CDP and the sustainability consultant BSR, big companies, such as Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies as well as their suppliers were evaluated in this context.
The result says that even though many of those companies have agreed to work on meeting climate goals, they are thwarted by their suppliers who don´t sufficiently prepare for the risks associated with climate change. One reason for the lack of action by suppliers is the significant impact these environmental policies have on their operations and business. Only 34 percent of those who responded to the inquiry factually reduced their emissions in 2015.
As a reaction to the lack of adoption of sustainable operations, some companies are even threating to terminate supplier contracts.
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Investment in African Business still a risk
As part of the 2016 Agility Emerging Markets Logistics Index, a recent survey interviewed more than 1,100 global logistics executives in the matter of readiness and risks of logistics operations in Africa. It was revealed that there is a gap between actual perception of an increasing middle class and growing markets on the one hand and infrastructural as well as environmental risks on the other hand. These risks, including corruption and volatile currency, deter investors from entering the African market – or at least exacerbate the entrance.
Nevertheless, logistics professionals see great potential, especially in Sub-Saharan Africa: in a ranking of leading developing countries worldwide, South Africa and Nigeria place number 16 and 17, and are therefore mentioned as attractive for logistics providers. However, only about 21 percent of surveyed logistics executives replied that they are currently operating in the African logistics sector.
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